Three bedroom house City of Detroit, Wayne County, Michigan, USA 3 Bed Townhouse £28,148 | €32,134 | $35,900 Request a Currency Exchange Quote Here

This large three bedroom house is amazing value at $35,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking

Lifestyle features

Suburban, Town
Property Description ID:32385359

This three bedroom house is located in Denby and is only 1.2 miles from East English Village Preparatory Academy which is one of the best schools in Detroit. This property is also very close to Denby High School and Harper Woods High School so it is ideally located for long term rentals. The tenants are keeping the property in a great condition and are paying $700 rent a month. There are three large bedrooms, a full basement, a detached garage and a large rear garden. This is a fantastic rental property and is under management by a great local company.

This house is located in Denby a great area in Detroit with a proud community feel, this area has great schools and lots of local amenities, it is right next to East English Village and Morningside.

Investment Details

Purchase price: 35,900

Gross annual rental income: $8,400

Property running costs: $1,989
(Tax, insurance and management costs)

Net annual rental income: $6,411

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

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